Kraken's parent company, Payward, has completed its acquisition of Bitnomial, securing compliance to offer cryptocurrency derivatives services in the U.S. This acquisition grants Payward a full license framework from the Commodity Futures Trading Commission (CFTC), including registrations as a Futures Commission Merchant, Designated Contract Market, and Derivatives Clearing Organization. This enables the company to provide spot margin, perpetual contracts, and options trading to eligible U.S. customers. Following the acquisition, Payward plans to prioritize the launch of spot margin products on the Kraken platform, with a phased introduction of perpetual contracts and options. Bitnomial, based in Chicago, will maintain its existing licenses and structure, serving as the core of Payward's U.S. derivatives strategy. The transaction also opens new opportunities for partners like banks and broker-dealers to access the U.S. crypto derivatives market. Previously, Payward received a $200 million investment from Deutsche Börse Group and has submitted a confidential listing application to the SEC.